What effect does the price control have on the price of sugar beets and on the market for sugar? What effects does the price floor have on the Producer and Consumer surpluses (those that buy and sell in the sugar market, and those who buy the products made of sugar)? How much political power do the suppliers of sugar beets have versus the political power of the buyers of sugar beets? Does that help explain why the policy exists? What effect does the price floor on sugar beets have on number of farmers who would want to grow sugar beets? On the number of manufacturing jobs for which sugar is an input? On the price of sugar and goods made with sugar? How does that impact the surplus or profits of farmers, manufacturers, and consumers? Can who is affected by the changes in surplus explain the Why might this explain why Coca-cola is made with high-fructose corn syrup in the United States but with sugar in Mexico? What effects does the price control on sugar beets have on the market for corn and high-fructose corn syrup?
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